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As the week begins, we’re checking in on news of big funding in fraud prevention and cross-border payments, major developments on the crypto front for both Citi and JPMorgan, as well as new report from Alessa on how AI stands to enhance AML processes in 2026. Be sure to check back all week long for the latest in fintech news here on Finovate’s Fintech Rundown!
Payments
Cross-border payments company Routefusion raises $26.5 million in Series A funding.
Payment solution provider and acquirer Paystrax acquires UK fintech Nochex.
International payments platform LemFi unveils Send Now, Pay Later service combining credit and remittances.
Stax Payments goes live with Stax Processing, a full-stack end-to-end payments processor.
Crypto and DeFi
Crypto payments company MoonPay integrates with crypto trading, earning, and exploring terminal, Axion.
Crypto wallet Cake Wallet announces integration of xStocks, new functionality that enables users to invest in tokenized stocks and ETFs via Web3 self-custody.
EBC Financial introduces Bitcoin (BTC) Contracts for Difference (CFDs).
Fraud prevention
Resistant AI scores $25 million in Series B funding.
Open banking and open finance
The UK’s Financial Conduct Authority launches its open finance accelerator.
Credit analytics
Yodlee introduces new credit subsidiary Yodlee Credit, a new Consumer Reporting Agency (CRA) under the Fair Credit Reporting Act (FCRA).
Carrington Labs teams up with Sea.dev to accelerate loan decisioning and help SMBs secure financing faster.
Sapiens International Corporation forges strategic partnership with Linqura, a sales and underwriting intelligence solutions provider for commercial insurers.
Insurtech
Axonic Insurance turns to iPipeline for its financial planning platform AFFIRM.
Photo by vee terzy
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